XPO Logistics Given “Buy” Rating at Deutsche Bank (XPO)
XPO Logistics (NYSE:XPO)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research note issued on Tuesday, Analyst Ratings News reports. They currently have a $37.00 price target on the stock. Deutsche Bank’s target price suggests a potential upside of 35.73% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. They now have a $31.00 price target on the stock. Separately, analysts at KeyCorp upgraded shares of XPO Logistics from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, analysts at FBR Capital Markets raised their price target on shares of XPO Logistics from $30.00 to $33.00 in a research note on Tuesday, January 7th. They now have an “outperform” rating on the stock. Ten investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $29.86.
XPO Logistics, Inc is a logistics provider of freight transportation services. As of December 31, 2011, the Company’s operations consisted of three business units: expedited transportation, freight forwarding and freight brokerage.
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